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🇨🇳 Bank of Kunlun + SGE Gold: The Iran-China RMB-Oil-to-Gold Loop (Timeline)

⭕️ 2012: US sanctions Bank of Kunlun (CNPC-linked) for Iran deals—cuts it from USD system but makes it PERFECT for yuan payments. No US exposure to lose.

⭕️ Over years: Kunlun becomes main conduit for Iranian crude to Chinese “teapot” refineries (Shandong independents). Oil flows discounted, paid in RMB outside SWIFT.

Iran stacks yuan surpluses (tens of $B per Bloomberg est.). Can’t easily spend in dollars → converts excess RMB to PHYSICAL GOLD on Shanghai Gold Exchange (SGE).

⭕️ 2025: Bloomberg tracks SGE push—warehouses to HK/overseas, courting foreign CB gold storage, yuan gold benchmarks. China builds gold clout amid de-dollarization. Teapots keep lifting Iranian barrels despite US heat.

⭕️ 2026: US sanctions 5 teapots under EO 13902/13846 for Iran oil.

⭕️ May 2: China MOFCOM invokes Blocking Statute for FIRST TIME—orders firms NOT to comply with those US sanctions. Protects the whole Kunlun/teapot/SGE ecosystem.

⭕️ Result: Resilient sanctions-bypass loop—oil for RMB via Kunlun → gold via SGE. Accelerating decoupling. Bloomberg-reported reality.

What a system!
#Oil #Gold #Geoeconomics
(End)
 
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  • President Donald Trump said the U.S. will attempt to “free” stranded cargo ships that have been trapped by the Strait of Hormuz closure since the war with Iran began.
  • The effort, which Trump dubbed “Project Freedom,” is set to begin Monday.
  • The strait has been largely impassable since the war broke out, stranding cargo vessels and choking off a key supply chain.
 
 
Currently MS Now is saying there's a possibility a U.S. Naval Warship has been hit. No clue if true or not but if it is true I expect things to get hot real quick.
 
^
*Note: This has not been confirmed as of yet.

Two missiles hit US warship trying to enter Strait of Hormuz, Iranian news agency says​

(Corrects first paragraph to make clear Jask is not an island but a port on the Gulf of Oman on Iran's southern coast)

By Tala Ramadan and Jacob Bogage

DUBAI/DORAL, Florida, May 4 (Reuters) - Iran's navy prevented "American-Zionist" warships entering the Strait of Hormuz on Monday, state TV reported, while the Fars news agency said two missiles had hit a U.S. warship near Jask on the Gulf of Oman after it ignored Iranian warnings.

Reuters could not independently verify the reports, and there was no immediate response from the United States.

More:

https://www.msn.com/en-us/news/worl...news-agency-says/ar-AA22lKE1?ocid=socialshare
 
STRAIT SHOWDOWN: Trump's Project Freedom Puts Iran to the Ultimate Test
President Trump announces “Project Freedom,” directing the U.S. Navy to escort neutral-country ships through the Strait of Hormuz starting Monday and warning that interference will be attacked, while noting positive U.S.-Iran discussions and framing the move as a test of whether Iran’s negotiators control the IRGC. The episode argues Trump is using oil and gas to rebuild the U.S. economy and to displace London’s oil-pricing power, citing April 20 Presidential Determinations under the Defense Production Act, a National Energy Dominance Council led by Doug Burgum and Chris Wright, and rising U.S. production driving lower prices, a manufacturing revival, and a shrinking trade deficit. It contrasts this with post-1971 “petrodollar” strategy, OPEC shocks, “controlled disintegration,” and Iran-related destabilization, and claims modern media propaganda—from Lippmann to Operation Mockingbird to recent censorship networks—drives anti-Trump narratives.

00:00
The Monday Brief - STRAIT SHOWDOWN: Trump's Project Freedom Puts Iran to the Ultimate Test - May 4, 2026
01:59 Oil as a Superweapon for the American Renaissance
05:16 How They Used Oil to Launch a Dark Age
09:08 Why the Media Can't Stop Lying
 
Trump now controls the energy systems that the City of London controlled...

Trump TAKES On London's DARK Money​

 


 
 
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